Ucits sales in Q1 2012 growing, says EFAMA
Net sales of Ucits increased to €91bn in the first quarter of 2012, following net outflows of €50bn recorded in the last quarter of 201 in the wake of the ECB’s longer-term liquidity operations, information from EFAMA has shown.
Quarterly Statistical Release for the first quarter of 2012 showed record net inflows of €70bn into long-term Ucits, (Ucits excluding money market funds), against net outflows of €61bn in the previous quarter, while money market funds attracted net inflows for the second consecutive quarter amounting to €22bn, up from €11bn in the previous quarter.
All asset classes recorded net inflows in Q1 2012, with bond funds seeing the highest inflow, of €49 billion. However, equity funds saw relatively low inflows of €9bn.
Ucits assets accounted for 71% of the total investment fund market in Europe, and the combined assets of the investment fund market in Europe, comprising both Ucits and non-Ucits, grew by 5.3% in the quarter, to €8,362bn at end March 2012.